Soltis Investment Advisors LLC Has $2.97 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Soltis Investment Advisors LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 673.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,105 shares of the semiconductor company’s stock after purchasing an additional 14,893 shares during the period. Soltis Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,971,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TSM. Rehmann Capital Advisory Group raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 24,496 shares of the semiconductor company’s stock worth $4,260,000 after acquiring an additional 309 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Taiwan Semiconductor Manufacturing by 30.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 21,191 shares of the semiconductor company’s stock valued at $3,680,000 after purchasing an additional 4,954 shares during the last quarter. Hobbs Group Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 23.0% during the 3rd quarter. Hobbs Group Advisors LLC now owns 2,815 shares of the semiconductor company’s stock worth $489,000 after purchasing an additional 527 shares in the last quarter. Virtue Capital Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% in the third quarter. Virtue Capital Management LLC now owns 4,081 shares of the semiconductor company’s stock worth $709,000 after purchasing an additional 237 shares during the last quarter. Finally, Fortem Financial Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 512.6% in the third quarter. Fortem Financial Group LLC now owns 8,576 shares of the semiconductor company’s stock valued at $1,489,000 after purchasing an additional 7,176 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 3.6 %

Shares of TSM stock opened at $191.98 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $98.80 and a 12-month high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $191.62 and a 200-day moving average of $177.26. The firm has a market cap of $995.69 billion, a P/E ratio of 30.77, a PEG ratio of 0.94 and a beta of 1.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.14%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.